I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).

I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).

Account Number:

2004120155XXXX

Status:

CHARGE-OFF

Account Owner:

Co-maker

High Credit:

Type of Account :

Installment

Credit Limit:

Term Duration:

72 Months

Terms Frequency:

Monthly (due every month)

Date Opened:

11/24/2004

Balance:

$280

Date Reported:

09/24/2012

Amount Past Due:

$280

Date of Last Payment:

08/2007

Actual Payment Amount:

Scheduled Payment Amount:

$384

Date of Last Activity:

N/A

Date Major Delinquency First Reported:

08/2006

Months Reviewed:

20

Creditor Classification:

Activity Designator:

N/A

Charge Off Amount:

$861

Deferred Payment Start Date:

Balloon Payment Amount:

Balloon Payment Date:

Date Closed:

Type of Loan:

Auto

Date of First Delinquency:

02/2006

Comments:

Charged off account

81-Month Payment History

Year

Jan

Feb

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Apr

May

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2012

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2005

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If the report is accurate and this is your charge off, it will remain in your report for 7 years.

You may try to contact HMFC and see is you pay the charge off if they will delete the trade line.

Re: Hyundai Motor Finance Charge off

dciples wrote:7 years feom what date on this report? And yes it is unfortunately accurate.

Most probable scenario, it will drop off your report 7-7.5 years from the DOFD, which is listed at 02/06.....so somewhere in the neighborhood of 02/13 and 08/13, but you might get a break and have it fall off earlier. YMMV and the CRA's can be a bit inconsistent.

I have a Charge-off from Hyundai and want to know when I can have the Credit Bureaus remove this from my credit? Here is the info on my Equifax report (I don't know if it's different on the other two).

Account Number:

2004120155XXXX

Status:

CHARGE-OFF

Account Owner:

Co-maker

High Credit:

Type of Account :

Installment

Credit Limit:

Term Duration:

72 Months

Terms Frequency:

Monthly (due every month)

Date Opened:

11/24/2004

Balance:

$280

Date Reported:

09/24/2012

Amount Past Due:

$280

Date of Last Payment:

08/2007

Actual Payment Amount:

Scheduled Payment Amount:

$384

Date of Last Activity:

N/A

Date Major Delinquency First Reported:

08/2006

Months Reviewed:

20

Creditor Classification:

Activity Designator:

N/A

Charge Off Amount:

$861

Deferred Payment Start Date:

Balloon Payment Amount:

Balloon Payment Date:

Date Closed:

Type of Loan:

Auto

Date of First Delinquency:

02/2006

Comments:

Charged off account

81-Month Payment History

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2012

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2011

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2010

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2009

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2005

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7 years + 180 days from the date in red. The DOFD. So 08/2013 and you should be good to go.

Re: Hyundai Motor Finance Charge off

My name is Richard Kirkreit and I am the CARE Manager at Hyundai Motor Finance’s corporate office. I look forward to assisting you with any concerns you have. When you have a moment, please contact me at (949) 732-2857. I can be reached Monday-Friday, 7AM-4PM Pacific Time.”

Re: Hyundai Motor Finance Charge off

My name is Richard Kirkreit and I am the CARE Manager at Hyundai Motor Finance’s corporate office. I look forward to assisting you with any concerns you have. When you have a moment, please contact me at (949) 732-2857. I can be reached Monday-Friday, 7AM-4PM Pacific Time.”

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